45, PENNANCE PARC, LANNER, REDRUTH, TR16 5TY - £274,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

45 PENNANCE PARC is a midsized detached house of 90m², built sometime between 1996 and 2002. It was last sold for £274,500 in November 2019, which was around 20% below the average November 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was B.

45 PENNANCE PARC Sold Prices

Land registry data shows two sales for 45 PENNANCE PARC since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Both of the two 45 PENNANCE PARC sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 15 NOV	£274,500	£344,140	20% below HPI
2007 9 JUL	£210,000	£290,664	28% below HPI

45 PENNANCE PARC Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cornwall local authority area over time, sourced from the HPI. The two 45 PENNANCE PARC sales from July 2007 and November 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the July 2007 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the November 2019 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 45 PENNANCE PARC?

45 PENNANCE PARC is 90m² according to the EPC inspection conducted in January 2019. This puts it in the smallest 50% of detached houses in Lanner, based on EPC data. The below chart shows the distribution of detached houses by size in Lanner, and where 45 PENNANCE PARC lies on this distribution: 48% of detached houses are smaller than 45 PENNANCE PARC, and 52% of houses are larger. Note that EPC data is not available for all properties in Lanner.

45 PENNANCE PARC: Plot and Title Map

45 PENNANCE PARC sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 45 PENNANCE PARC, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 45 PENNANCE PARC). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 45 PENNANCE PARC?

45 PENNANCE PARC is located in LANNER, in the TR16 postcode district. The below map shows the position of No. 45 on PENNANCE PARC.